India: Administration of Equity Investment for Smart Joules Private Limited

Nonsovereign Project | 54450-001

The transaction involves the administration of an equity investment of up to the Indian rupee equivalent of $2,000,000 to be provided by the Asian Development Bank (ADB) Ventures Investment Fund 1 in Smart Joules Private Limited (SJPL) in India. Consistent with the establishment arrangements for the fund, ADB will not invest its own capital alongside the fund.

Project Details

  • Project Officer
    Mellor, Dominic P.
    Private Sector Operations Department
    Request for information
  • Approval Date
    8 December 2020
  • Country
    India
  • Sector
    • Energy
Project Name Administration of Equity Investment for Smart Joules Private Limited
Project Number 54450-001
Borrower/Company ASIAN DEVELOPMENT BANK
Country India
Location Nation-wide
Type or Modality of Assistance
7663 Equity ADB Ventures Investment Fund 1 INR 0.00 Approved
8390 Equity ADB Ventures Investment Fund 1 USD 2.00 million Approved
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Energy / Energy sector development and institutional reform

Gender Equity and Mainstreaming Effective gender mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Office of the Director General, PSOD
Responsible ADB Officer Mellor, Dominic P.
Project Sponsor(s)
Description The transaction involves the administration of an equity investment of up to the Indian rupee equivalent of $2,000,000 to be provided by the Asian Development Bank (ADB) Ventures Investment Fund 1 in Smart Joules Private Limited (SJPL) in India. Consistent with the establishment arrangements for the fund, ADB will not invest its own capital alongside the fund.
Objectives and Scope
Linkage to Country/Regional Strategy
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 14 Sep 2020
Credit Committee Meeting 03 Dec 2020
Approval 08 Dec 2020
Last PDS Update 09 Dec 2020

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Related Publications

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